Latest news
Latest news
Deal raises questions about whether transaction was done at arm's length
Joanna Chan is taking on the role of head of strategic capital
Key points of contention include the investor sanctions regime and the definition of 'resilience'
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Phyllis Caldwell is leaving the Department of the Treasury and her position as head of the its Homeownership Preservation Office and the Home Affordable Modification Program Dec. 9.
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Standard & Poor’s says it will update its credit ratings for the world’s 30 largest banks and may downgrade some of them.
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Michael DePietro is said to have left his position as head of trading for non-agency residential mortgage-backed securities at Morgan Stanley.
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Wedbush Securities has expanded its agency trading and sales team with the hiring of Stephen Strobel and Matthew Bonnerup.
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Santander is said to have named Morgan Stanley Real Estate as its preferred bidder for a EUR3 billion real estate portfolio, ahead of consortium of Goldman Sachs and Cerberus Asset Management.
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The U.K. government has sold Northern Rock to Virgin Money £747 million ($1.2 billion).
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Antonio Borges has resigned as head of the International Monetary Fund’s European unit “for personal reasons,” a year after assuming the position, according to the IMF.
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BNP Paribas is planning to reduce its corporate and investment-banking units by 1,400 jobs, or about 6.5% of its work force, taking aim at the capital markets and structured finance businesses.
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Société Générale has said it will cut several hundred jobs in its corporate and investment banking unit next year to help it meet higher capital requirements.